There was buoyancy when bitcoin first dropped to $37,500 on Feb. 2 from an all time high in November 2021 of $69,000. It was a gold rush moment as Kenya’s digital natives dashed to do what they have always done during such price slumps—buy the dip—stocking up while prices were low.
While Africa’s future depends on embracing technology—especially in the provision of fast, reliable, affordable internet connectivity—many African governments are quick to shut down the internet when it serves them well.
There is outrage across Kenya after the country’s tax authority announced on May 11 that it plans to start mining data from digital devices in a bid to combat tax and financial fraud.
Daniel Motaung is seeking compensation on behalf of current and former content moderators
The Ugandan government is starting a countrywide crackdown on digital payment providers facilitating cryptocurrency businesses in the country this week.
